The Los Angeles Lakers, a storied NBA franchise, are reportedly selling majority ownership, marking a significant shift in their long-standing legacy. As of 2025-06-19 01:22:00, ESPN’s Shams Charania revealed that the Buss family will transfer control to Mark Walter, the CEO of TWG Global.
- Buss family selling majority ownership of Lakers
- Mark Walter to become majority owner
- Jeanie Buss remains team governor
- Lakers valued at approximately $10 billion
- Jerry Buss transformed Lakers into a dynasty
- Future looks bright with Luka Dončić
This sale, valued at an unprecedented $10 billion, will allow Jeanie Buss to remain as the team’s governor. Walter, who has been a minority stakeholder since 2021, is well-known in the Los Angeles sports scene, owning interests in various teams including the Los Angeles Dodgers and the Cadillac Formula 1 team.
This transition raises questions about the future of one of the NBA’s most iconic franchises. Can the Lakers maintain their legacy under new ownership? The Buss family’s influence has shaped the team for decades, but with Walter’s extensive sports portfolio, the potential for growth is significant.
- Mark Walter’s acquisition marks a new era for the Lakers.
- Jeanie Buss will remain a key figure in the team’s management.
- The sale sets a record for sports franchise valuations.
- Walter’s experience in sports could enhance the Lakers’ future prospects.
